{"id":170408,"date":"2023-02-01T17:26:28","date_gmt":"2023-02-01T17:26:28","guid":{"rendered":"https:\/\/precoinnews.com\/?p=170408"},"modified":"2023-02-01T17:26:28","modified_gmt":"2023-02-01T17:26:28","slug":"atkore-gains-10-on-upbeat-quarterly-results-increased-outlook","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/bitcoin\/atkore-gains-10-on-upbeat-quarterly-results-increased-outlook\/","title":{"rendered":"Atkore Gains 10% On Upbeat Quarterly Results, Increased Outlook"},"content":{"rendered":"<p> Shares of Atkore Inc. (ATKR) are gaining more than 10% Wednesday morning after reporting better-than-expected first-quarter results. The company raised its full-year outlook above analysts&#8217; view.<\/p>\n<p>Profit for the first quarter declined to $173.49 million or $4.2 per share from $204.84 million or $4.32 per share last year.<\/p>\n<p>Excluding one-time items, earnings were $4.61 per share, that beat the average estimate af analysts polled by Thomson-Reuters of $3.98 per share.<\/p>\n<p>Sales for the quarter declined to $833.82 million from $840.8 million last year, primarily attributed to decreased average selling prices across the company&#8217;s products. The consensus estimate was for $818.45 million.<\/p>\n<p>Looking forward, the company has raised its full-year earnings per share outlook to the range of $15.85 &#8211; $17.75. The consensus estimate stands at $14.48 per share.<\/p>\n<p>AKTR, currently at $142.78, touched a new high of $145.18 this morning. <\/p>\n<p>Source: <a href=\"https:\/\/www.rttnews.com\/3341006\/atkore-gains-10-on-upbeat-quarterly-results-increased-outlook.aspx?utm_source=rttnews&#038;utm_campaign=stockalerthome\" target=\"_blank\" rel=\"noopener\">Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Shares of Atkore Inc. (ATKR) are gaining<\/p>\n","protected":false},"author":3,"featured_media":170407,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[47],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Atkore Gains 10% On Upbeat Quarterly Results, Increased Outlook - Pre Coin News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/precoinnews.com\/bitcoin\/atkore-gains-10-on-upbeat-quarterly-results-increased-outlook\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Atkore Gains 10% On Upbeat Quarterly Results, Increased Outlook - Pre Coin News\" \/>\n<meta property=\"og:description\" content=\"Shares of Atkore Inc. 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